Dangote Refinery Lifts Petrol Output as Nigeria’s Fuel Imports Drop Sharply
Nigeria’s domestic refineries processed 683,000 barrels of crude oil per day in August 2026, a 16.75 per cent increase from...
Federal Government Seeks Fresh $1.5 Billion in World Bank Financing
The Federal Government has begun talks with the World Bank for three new loans amounting to $1.5 billion, even as...
Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase
Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit by N25 a litre to N1,325. The cut...
Brent Falls to About $101.71 and WTI Drops Below $100 as US-Iran Diplomacy Hopes Rise
Brent crude eased to about $101.71 a barrel while US West Texas Intermediate slipped below $100 as investors assessed renewed...
CBN Warns Banks and Fintechs That One Weak Link Can Destabilise the Entire System
The Central Bank of Nigeria has urged banks, fintechs and other financial institutions to treat cybersecurity and third-party technology risks...
Oil Prices Climb Above $100 as US-Iran Hostilities Escalate
Global oil prices rose above $100 a barrel on Wednesday for the first time since late July, as a sharp...
Brent Climbs Above $90 as US-Iran Tensions Escalate
Oil prices rose more than two per cent on Monday as renewed military exchanges between the United States and Iran...
Energy Inflation Falls to 4.37% in July, Lowest Level in Four Months
Nigeria’s energy inflation rate declined to 4.37 per cent in July 2026, its lowest reading in four months, according to...
Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions
Two Nigerian airlines, Air Peace and United Nigeria, have reported combined losses exceeding N2 billion following the disruption of flight...
NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion
The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said that Nigeria’s fuel subsidy bill could have ballooned to...
